World Top Billionaires

#1250 Bobby Murphy

$1.5 Billion

Gender
:

Male

Age
:

26

Source
:

Snapchat, Self Made

Residence
:

Venice, CA

Marital Status
:

Single

Citizenship
:

United States

Education
:

Bachelor of Arts / Science, Stanford University

Description :

Bobby Murphy and Stanford University buddy Evan Spiegel together founded mobile app Snapchat. In late 2013 Spiegel turned down a $3 billion buyout offer from Facebook. In February 2015 the company reportedly received offers that would value it at $19 billion. Forbes estimates that Murphy has a stake of at least 15%. Murphy was two years older than Spiegel when they met at the Kappa Sigma fraternity house at Stanford in 2010. The senior in mathematics and computational science with a placid demeanor meshed well with Spiegel's brasher personality. The son of California state employees, one of whom emigrated from the Philippines, Murphy grew up in Berkeley, CA. With a third fraternity brother, Reggie Brown, in 2011 Murphy and Spiegel launched an app originally called Picaboo, which got little traction. Rebranded as Snapchat, the product, which can send a contact a photo message that disappears in 10 seconds or less, first started to take off in late 2011. Now it boasts 100 million monthly users. "We weren't cool," Murphy once told Forbes about his and Spiegel's experience in college. "So we tried to build things to be cool." Snapchat settled a dispute with cofounder Brown in late 2014.